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World Bank tagged Kazakhstan investment heaven

10 july 2012, 15:09
Tengrinews.kz stock photo
Tengrinews.kz stock photo
Kazakhstan is one of the Top 20 most attractive countries for foreign investors, Tempo magazine writes.

“According to the World Bank, Kazakhstan is now among the top 20 nations that are most attractive for foreign investments, and the presence of global companies such as Chevron, General Electric, British Gas, Samsung, Chinese National Petroleum Company and others is a vivid proof of that,” the magazine writes.

According to the magazine, “over the last five years, the country has attracted investments of over $137 billion and has $38.5 billion in reserves mainly from oil revenues”.

Besides, Philippine journalists tagged Kazakhstan one of the few countries not affected by the global economic recession. “In just a period of 20 years after independence, Kazakhstan has achieved one of the highest rates of economic growth,” the magazine states.

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